Italian debt sells at record levels in high volumes
Italy’s borrowing costs surged to 8 percent in its latest auction of three year bonds. Most analysts would see that as an unsustainable level over a long time, driving the country’s debt burden out of control. Greece, Ireland and Portugal were forced to seek bailouts from the EU and IMF when their bond yields rose about 7 percent. Only a month ago, Italy had paid just under 5 percent to sell three-year paper. The bonds did however sell in the volumes targeted by the government, an outcome that pushed Europe markets upwards. However, the indications are that investors feel Italy and the eurozone’s sovereign debt problems are reaching make or break point. The Italian auction is the latest in a series of European bond sales being closely watched for signs of contagion.
- Dec 11 Sun 2011 06:48
Steps for origami sea serpent
- Dec 11 Sun 2011 06:47
Photos of well hung men
Radiation leak at Japan nuclear plant
Highly radioactive water has leaked into the sea from Japan’s stricken Fukushima nuclear reactor, according to TEPCO, the company that owns the plant. A spokesman said up to 45,000 litres could have escaped but described that amount as small. The leak is still being investigated. Last week a TEPCO report found that the scale of March’s earthquake and tsunami was far larger than the facility was equipped to handle. The Japanese government and TEPCO are now working towards what is called a “cold shutdown” later this month. That is when water used to cool nuclear fuel rods remains below its boiling point, preventing the fuel from reheating. It would have repercussions beyond the plant. A cold shutdown is one of the criteria the government has said must be met before allowing 80,000 residents who lived within 20km of the reactor to start returning to their homes.
- Dec 11 Sun 2011 06:46
High school graduation yearbook quotes
Cool sounds in with Earth Wind & Fire Experience and Liz McComb
Al McKay was the original EWF guitarist. Now, following the deaths of some other band members, and the illness of others, his band, the Al McKay Allstars perform their show, the Earth Wind and Fire Experience. Euronews cultural reporter Wolfgang Spindler caught up with them in Paris. He said: “There is a feeling from the heart from the musicians. It’s just one of those things that just continues to grow. We are still attracting 10 year olds, 12 year olds to our show. It’s new music to them, so I just think that the soul of the music , the heart of the music, comes from the musicians. Great songs last for ever.” American gospel and blues diva Liz McComb also gave an incredible performance in Paris.Originally from Mississippi, Liz McComb now lives in Paris. She has worked all over the world, building a reputation as one of the finest pianists and singers of her generation. And this Lady got the Blues under her skin She said: “I’ve got a lot of stories to tell, I’ve got more than one story. My heart has been broken so I know how to sing the blues. I am at my best when my heart is broken, I am like Billie Holiday and all those other ladies that… When you are down it’s true, there’s something about the music.” Pee Wee Ellis, the mythical saxophonist, also played. His cv reads like a list of musical greats… he’s worked with James Brown, Van Morrison and many others. He now lives in the UK. Pee Wee Ellis said, about playing the sax: “It’s a physical activity, its a mental activity and its hard work sometimes. I prefer to let my music speak for me and if I can make a diffrence in any body’s life through music, my job is done.” Liz McComb kicks off a European tour in January. For more dates, venues and all other information see her official website: ???www.lizmccomb.com??�
- Dec 11 Sun 2011 06:45
Numbness under left shoulder blade
Serbia, Kosovo talks reopen in Brussels
Cooperation talks between Serbia and Kosovo reopened in Brussels on Wednesday to end a stand-off that could hinder Serbian efforts to join the EU. It follows clashes on the border between the two countries earlier this week that left at least thirty NATO peacekeepers wounded. The European Union wants Belgrade to recognise Kosovo’s independence if it is to have any chance of joining the bloc. “Candidacy is important for our country but it’s not the main reason why we have these talks,” said Serbia’s lead negotiator Borko Stefanovic. Edita Tahiri, the head of Kosovo’s negotiating team, called on Serbia “to accept the reality” that the international community accepts Kosovo as a sovereign state. Tensions have been running high since July when Kosovo Albanian police tried to seize two border crossings in the north. Northern Kosovo is home to some 60,000 Kosovar Serbs, who pledge their allegiance to Belgrade.
- Dec 11 Sun 2011 06:44
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Tensions rise in Congo ahead of election result
On the streets of Kinshasa security has been heightened ahead of the expected results of Congo’s presidential election. A partial count of nearly 70 percent of the ballot has given incumbent Joseph Kabila a 10 point lead over his chief rival, Etienne Tshisekedi. The opposition says it will refuse to accept the result. Voting has been dogged by claims of fraud while officials have struggled to complete the count to meet Tuesday’s deadline, the fifth anniversary of Kibila’s inauguration and the day, the opposition says, marks the end of his term. Officials said they will consider releasing partial results if they fail to finish counting all the votes. Election monitor Elie Lula Beya said: “I think the results that leave here will in no way represent those from the votes which have already been counted in polling stations or how they were announced at the time,” she said. The number fleeing the capital for neighbouring Brazaville has risen sharply amid fears of street violence. The US based Human Rights Watch claims at least 18 people have already been killed. Kabila supporters have warned the government will have to call in the army if the protests turn chaotic. International monitors had been present but left before counting started.
- Dec 11 Sun 2011 06:44
Free slot
Franco’s tomb could become a war memorial
A commission in Spain has proposed that the remains of the country’s former dictator, General Franco should be removed from a monument were soldiers are buried. They want the Valle de los Caidos to be reserved purely for victims from both sides of Spain’s civil war. Franco’s body should be given to his family to decide the best place for a private burial. The move by the Socialist-led commission is an attempt to make Spaniards confront their past, but the change of government could jeopardise the plan. Commission leader Ramon Jauregui said: “Please do not let the project be hidden away in a draw. You must know that we need to deal with our history. This is not an act of political sectarianism.” Franco supporters regularly pay homage at the monument but the commission wants it to become a visitors educational centre. Losing Republicans were forced to build the structure during which many died.
- Dec 11 Sun 2011 06:43
Worksheet about the brain
Wikileaks returns with sideswipe at ‘government spies’
There had been no news of Wikileaks since October. Publications on Julian Assange’s site were suspended for a lack of funds. Yesterday, Wikileaks returned to centre stage, publishing documents demonstrating a generalised system of surveillance and espionage put in place by governments, with the help of industry. Julian Assange, still under house arrest in the UK accused of sex offences, used a press conference to throw into the public domain more than a thousand files, contracts, brochures and other documents showing how certain governments, with the help of companies, monitor individuals via their mobile phones, voice mails and traces left on the internet. Among these governments were Syria, China and Iran – but the list also featured the US, Germany and France. Today all states – and no longer only the larger intelligence agencies such as the CIA, the FSB (Russian security service) or Mossad – use ultra-sophisticated surveillance systems. Technology enabling geo-localisation, the interception of SMS messages, phone-tapping, Trojan horses, and also voice recognition is now commonplace. It is estimated that today’s market for communications surveillance systems is worth five billion dollars in annual sales.
- Dec 11 Sun 2011 06:42
See private facebook pictures
Back in the Day: a landmark date for mass production
December 1, 1913 A moving assembly line starts rolling at the Ford Motor Company’s production site in Highland Park, Michigan, USA, marking the start of an industrial process that would drive prices down and allow 20th century consumerism to flourish. The conveyor belt-driven assembly line cut the time it took to produce a Ford Model T car from over 12 hours to just 93 minutes. It also allowed Ford to cut factory staff working hours, raise their hourly wage and slash the price of cars and allow them to reach the mass market. For the first time, Ford workers could realistically afford the cars they were building, as prices fell to the equivalent of around four months’ wages. The quest for increased production efficiency was led by Ford founder Henry Ford although he personally couldn’t take all the credit for the moving assembly line: the idea of organising workers into a sequence of assembly had been around for centuries. The Ford system was inspired by practices in a Chicago slaughterhouse, where workers would cut up, or disassemble carcasses drawn by a conveyor. However, the Ford Company’s innovations were the driving force behind mass production as we know it today. Also on December 1: Rosa Parks refuses to give up her seat on a bus in Alabama, a symbolic moment in the civil rights movement (1955); AIDS the French and English sides of the Channel Tunnel are connected under the English Channel (1990); the EU’s Treaty of Lisbon comes into effect (2009). Born on December 1: Marie Tussaud (1761), Woody Allen (1935), Richard Pryor (1940), Bette Midler (1945).
- Dec 11 Sun 2011 06:41
Spanking
Barricades come down in Serbia-Kosovo border row
With talks to advance Serbia’s European Union membership bid happening soon, minority Serbs in Kosovo have begun taking down barricades at the northern border. The dispute has been rumbling on since July when Kosovo’s government tried to seize control of two crossings in a mainly Serb region of the state. EU foreign ministers are meeting in Brussels this week and Serbia is hoping to improve its chance of joining the bloc by resolving the border issue. Slavisa Ristic, Serbian Mayor of Zubin Potok, a town close to the border, said both sides would decrease their security at the crossings, but not all the barricades would come down as the matter has not been fully settled yet. In addition, not all the roadblocks have been cleared. Serbia and Kosovo agreed to joint management of the border crossings starting later this month at a meeting in Brussels last week. However, it remains to be seen whether the arrangement will be successful after Serb leaders in northern Kosovo called the agreement a betrayal.